Kraig Biocraft Laboratories Inc (KBLB)

[ReservedRisk]

$KBLB Learn fibs..

What is a Fibonacci Retracement?
A Fibonacci retracement is a term used in technical analysis that refers to areas of support or resistance. Fibonacci retracement levels use horizontal lines to indicate where possible support and resistance levels are. Each level is associated with a percentage. The percentage is how much of a prior move the price has retraced. The Fibonacci retracement levels are 23.6%, 38.2%, 61.8% and 78.6%. While not officially a Fibonacci ratio, 50% is also used.


The indicator is useful because it can be drawn between any two significant price points, such as a high and a low, and then the indicator will create the levels between those two points.


If the price rises $10, and then drops $2.36, it has retraced 23.6%, which is a Fibonacci number. Fibonacci numbers are found throughout nature, and therefore many traders believe that these numbers also have relevance in the financial markets.

https://www.investopedia.com/terms/f/fibonacciretracement.asp

Try bringing your cost avg down at the 78.6% retracement line if you can get it. I thought the 61.8% line would've held, but oh well it will be much higher as the emotional get out. Good things around the corner imo.



ALL MY OPINION. glty